Campbell & CO Investment Adviser LLC bought a new position in Crocs, Inc. (NASDAQ:CROX – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,124 shares of the textile maker’s stock, valued at approximately $823,000.
Other large investors have also recently modified their holdings of the company. Costello Asset Management INC purchased a new position in shares of Crocs during the first quarter worth about $32,000. Larson Financial Group LLC raised its stake in Crocs by 541.8% in the first quarter. Larson Financial Group LLC now owns 353 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 298 shares in the last quarter. IMA Advisory Services Inc. bought a new stake in Crocs during the first quarter valued at approximately $40,000. Brooklyn Investment Group bought a new stake in Crocs during the first quarter valued at approximately $40,000. Finally, Ameritas Advisory Services LLC purchased a new position in Crocs in the 2nd quarter worth approximately $48,000. Institutional investors own 93.44% of the company’s stock.
Crocs Stock Down 0.4%
Shares of NASDAQ:CROX opened at $74.18 on Friday. The stock has a market capitalization of $3.85 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.51. The stock’s 50-day moving average price is $81.14 and its 200-day moving average price is $93.36. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. Crocs, Inc. has a 12-month low of $73.52 and a 12-month high of $122.84.
Insiders Place Their Bets
In related news, Director John B. Replogle acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average price of $74.50 per share, with a total value of $223,500.00. Following the completion of the purchase, the director owned 18,417 shares in the company, valued at $1,372,066.50. This trade represents a 19.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently weighed in on CROX shares. Piper Sandler cut shares of Crocs from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $75.00 in a research report on Monday, September 22nd. Bank of America cut their target price on shares of Crocs from $99.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. The Goldman Sachs Group reduced their target price on Crocs from $88.00 to $87.00 and set a “sell” rating on the stock in a research note on Tuesday, July 22nd. KeyCorp lowered their price target on Crocs from $120.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Finally, Wall Street Zen cut Crocs from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $103.42.
About Crocs
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.
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